Covenant Logistics Group, Inc. (CVLG) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Trucking
EV/EBITDA
↑
9.83
↑+68% vs avg
5yr avg: 5.86
30Y Low3.5·High7.7
P/FCF
↓
N/A
—
5yr avg: 10.50
30Y Low6.2·High12.2
P/B Ratio
↑
2.64
↑+79% vs avg
5yr avg: 1.48
30Y Low0.2·High2.5
ROE
↓
1.7%
↑-88% vs avg
5yr avg: 14.7%
30Y Low-37%·High30%
Debt/EBITDA
↑
2.99
↑+58% vs avg
5yr avg: 1.89
30Y Low0.6·High5.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CVLG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Covenant Logistics Group, Inc. trades at 157.9x earnings, 525% above its 5-year average of 25.3x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 518%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $551M | $755M | $637M | $537M | $450M | $257M | $241M | $355M | $528M | $353M |
| Enterprise Value | $1.1B | $594M | $1.0B | $928M | $648M | $516M | $360M | $546M | $569M | $726M | $562M |
| P/E Ratio → | 157.89 | 81.63 | 20.97 | 11.51 | 4.94 | 7.30 | — | 14.38 | 4.17 | 4.75 | 10.51 |
| P/S Ratio | 0.92 | 0.47 | 0.67 | 0.58 | 0.44 | 0.43 | 0.31 | 0.27 | 0.40 | 0.75 | 0.53 |
| P/B Ratio | 2.64 | 1.36 | 1.72 | 1.58 | 1.42 | 1.29 | 0.88 | 0.69 | 1.03 | 1.79 | 1.49 |
| P/FCF | — | — | — | — | 9.13 | 11.86 | — | — | 7.14 | — | — |
| P/OCF | 9.42 | 4.85 | 6.15 | 7.51 | 3.37 | 6.14 | 4.08 | 3.77 | 2.84 | 6.37 | 3.45 |
P/E links to full P/E history page with 30-year chart
CVLG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Covenant Logistics Group, Inc.'s enterprise value stands at 9.8x EBITDA, 68% above its 5-year average of 5.9x. The Industrials sector median is 13.9x, placing the stock at a 29% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.51 | 0.90 | 0.84 | 0.53 | 0.49 | 0.43 | 0.62 | 0.64 | 1.03 | 0.84 |
| EV / EBITDA | 9.83 | 5.24 | 7.74 | 7.21 | 4.70 | 4.40 | 7.00 | 6.12 | 4.22 | 7.22 | 5.39 |
| EV / EBIT | 79.64 | 33.64 | 17.09 | 11.57 | 8.06 | 8.14 | — | 76.74 | 10.22 | 25.79 | 17.31 |
| EV / FCF | — | — | — | — | 11.02 | 13.59 | — | — | 11.46 | — | — |
CVLG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Covenant Logistics Group, Inc. earns an operating margin of 1.2%, below the Industrials sector average of 4.3%. Operating margins have compressed from 5.3% to 1.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 1.7% is modest, trailing the sector median of 8.2%. ROIC of 1.8% represents below-average returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.0% | 8.0% | 16.8% | 14.9% | 15.3% | 14.1% | 13.1% | 11.9% | 16.3% | 13.2% | 14.5% |
| Operating Margin | 1.2% | 1.2% | 4.0% | 5.3% | 6.6% | 6.1% | -1.7% | 1.0% | 6.7% | 4.0% | 4.8% |
| Net Profit Margin | 0.6% | 0.6% | 3.2% | 5.0% | 8.9% | 5.8% | -5.1% | 1.0% | 4.8% | 7.9% | 2.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.7% | 1.7% | 8.5% | 14.2% | 29.9% | 19.0% | -13.3% | 2.4% | 13.3% | 20.9% | 7.7% |
| ROA | 0.7% | 0.7% | 3.7% | 6.3% | 15.0% | 9.1% | -5.5% | 1.0% | 6.0% | 8.7% | 2.7% |
| ROIC | 1.8% | 1.8% | 4.8% | 7.5% | 13.3% | 11.7% | -2.0% | 1.1% | 8.4% | 4.5% | 5.4% |
| ROCE | 1.6% | 1.6% | 5.6% | 8.3% | 14.0% | 12.0% | -2.2% | 1.3% | 9.7% | 5.1% | 6.2% |
CVLG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Covenant Logistics Group, Inc. carries a Debt/EBITDA ratio of 3.0x, which is moderately leveraged (7% below the sector average of 3.2x). Net debt stands at $42M ($339M total debt minus $296M cash). Interest coverage of just 1.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.84 | 0.84 | 0.68 | 0.73 | 0.48 | 0.21 | 0.38 | 1.00 | 0.69 | 0.72 | 0.91 |
| Debt / EBITDA | 2.99 | 2.99 | 2.26 | 2.28 | 1.30 | 0.63 | 2.17 | 3.91 | 1.76 | 2.13 | 2.08 |
| Net Debt / Equity | — | 0.10 | 0.60 | 0.72 | 0.29 | 0.19 | 0.36 | 0.87 | 0.63 | 0.67 | 0.88 |
| Net Debt / EBITDA | 0.37 | 0.37 | 1.99 | 2.26 | 0.80 | 0.56 | 2.01 | 3.42 | 1.59 | 1.97 | 2.00 |
| Debt / FCF | — | — | — | — | 1.89 | 1.74 | — | — | 4.32 | — | — |
| Interest Coverage | 1.46 | 1.46 | 4.38 | 10.07 | 26.07 | 22.70 | -1.47 | 0.64 | 6.40 | 3.41 | 3.94 |
CVLG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.11x means Covenant Logistics Group, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.11 | 1.11 | 1.18 | 1.09 | 1.43 | 1.32 | 1.11 | 1.58 | 1.66 | 2.00 | 1.54 |
| Quick Ratio | 1.11 | 1.11 | 1.15 | 1.06 | 1.40 | 1.30 | 1.08 | 1.55 | 1.63 | 1.95 | 1.49 |
| Cash Ratio | 1.41 | 1.41 | 0.20 | 0.01 | 0.44 | 0.06 | 0.06 | 0.27 | 0.18 | 0.19 | 0.09 |
| Asset Turnover | — | 1.06 | 1.13 | 1.16 | 1.53 | 1.61 | 1.24 | 1.00 | 1.14 | 1.09 | 1.08 |
| Inventory Turnover | — | — | 166.75 | 193.76 | 293.19 | 270.46 | 233.73 | 185.38 | 182.20 | 144.64 | 144.08 |
| Days Sales Outstanding | — | 54.40 | 49.08 | 50.81 | 38.52 | 56.30 | 47.48 | 39.21 | 69.61 | 67.70 | 59.68 |
CVLG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Covenant Logistics Group, Inc. returns 4.1% to shareholders annually — split between a 0.7% dividend yield and 3.4% buyback yield. The payout ratio of 98.9% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 0.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | 1.3% | 0.8% | 0.9% | 0.8% | — | — | — | — | — | — |
| Payout Ratio | 98.9% | 98.9% | 16.1% | 10.5% | 3.9% | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.6% | 1.2% | 4.8% | 8.7% | 20.2% | 13.7% | — | 7.0% | 24.0% | 21.0% | 9.5% |
| FCF Yield | — | — | — | — | 10.9% | 8.4% | — | — | 14.0% | — | — |
| Buyback Yield | 3.4% | 6.6% | 0.0% | 4.0% | 15.8% | 2.3% | 6.8% | 0.0% | 0.1% | 0.1% | 0.3% |
| Total Shareholder Yield | 4.1% | 7.9% | 0.8% | 4.9% | 16.6% | 2.3% | 6.8% | 0.0% | 0.1% | 0.1% | 0.3% |
| Shares Outstanding | — | $25M | $28M | $28M | $31M | $34M | $35M | $37M | $37M | $37M | $37M |
Peer Comparison
Compare CVLG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CVLGYou | $1B | 157.9 | 9.8 | — | 8.0% | 1.2% | 1.7% | 1.8% | 3.0 |
 WERN | $2B | -169.5 | 8.8 | — | 5.8% | 2.3% | -1.0% | 2.5% | 2.1 |
 HTLD | $1B | -21.6 | 13.0 | — | -0.9% | -7.7% | -6.6% | -4.8% | 1.7 |
 MRTN | $1B | 80.2 | 11.5 | — | 5.7% | 1.2% | 2.3% | 1.1% | 0.0 |
 SNDR | $6B | 60.5 | 10.7 | 18.0 | 5.3% | 3.0% | 3.4% | 3.7% | 0.9 |
 KNX | $12B | 180.8 | 14.1 | 15.8 | 28.3% | 3.4% | 0.9% | 2.0% | 2.8 |
 JBHT | $26B | 44.3 | 17.2 | 27.1 | 10.5% | 7.2% | 15.8% | 12.0% | 0.9 |
 ODFL | $46B | 45.8 | 26.7 | 48.2 | 32.2% | 24.8% | 23.9% | 23.6% | 0.1 |
 SAIA | $12B | 45.7 | 20.0 | 424.5 | 23.7% | 10.9% | 10.4% | 9.4% | 0.7 |
 ARCB | $3B | 55.2 | 14.5 | 28.2 | 2.3% | 2.3% | 4.6% | 3.9% | 2.6 |
 LSTR | $7B | 62.7 | 31.3 | 32.8 | 13.1% | 3.6% | 13.0% | 22.1% | 0.6 |
| Industrials Median | — | 25.5 | 13.9 | 20.1 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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CVLG — Frequently Asked Questions
Quick answers to the most common questions about buying CVLG stock.
What is Covenant Logistics Group, Inc.'s P/E ratio?
Covenant Logistics Group, Inc.'s current P/E ratio is 157.9x. The historical average is 15.0x. This places it at the 100th percentile of its historical range.
What is Covenant Logistics Group, Inc.'s EV/EBITDA?
Covenant Logistics Group, Inc.'s current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.4x.
What is Covenant Logistics Group, Inc.'s ROE?
Covenant Logistics Group, Inc.'s return on equity (ROE) is 1.7%. The historical average is 4.9%.
Is CVLG stock overvalued?
Based on historical data, Covenant Logistics Group, Inc. is trading at a P/E of 157.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Covenant Logistics Group, Inc.'s dividend yield?
Covenant Logistics Group, Inc.'s current dividend yield is 0.67% with a payout ratio of 98.9%.
What are Covenant Logistics Group, Inc.'s profit margins?
Covenant Logistics Group, Inc. has 8.0% gross margin and 1.2% operating margin.
How much debt does Covenant Logistics Group, Inc. have?
Covenant Logistics Group, Inc.'s Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.